The following trial balance and additional data are for a tour company:

Task:

Construct an Income Statement in good form from the accounts listed

Trial Balance 2010 December 31 Credits Cash Accounts Receivable Prepaid Insurance Debits $ 109,050 133,750 4,350 18,000 11,250 90,000 165,000 $ 49,500 83,400 16,680 Prepaid Advertising Notes Receivable Land Buildings Accumulated Depreciation-Buildings Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Notes Payable Capital Stock Retained Earnings, 2010 January 1 Dividends Service Revenue Salaries Expense Travel Expense Interest Revenue Interest Expense 56,850 75,000 240,000 47,820 30,000 368,350 96,000 111,000 600 3,000 $ 854,800 $ 854,800